PayPal co-founder and former CEO Peter Thiel speaks during a discussion sponsored by e21, a conservative think tank, and the Manhattan Institute, October 3, 2011 in Washington, DC. (Getty Images)

(Newser)
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PayPal co-founder Peter Thiel knows a thing or two about sending money, and last month he sent $1.7 million worth of it to "Endorse Liberty," a super PAC backing Ron Paul, according to documents released today. Thiel is a long avowed Paul fan, and is so far the PAC's most generous contributor—the latest splurge brings his total donations up to $2.6 million, Politico reports. Let's hope he sent it as a gift to avoid the fees.

All told, Endorse Liberty brought in $2.4 million last month, and $1 million in December, with other big donors including Florida broadcasting company owner Gunter Marksteiner, and Smiley Media founder Stephen Oskoui, a co-founder of the PAC. Still, the figures look like chump change next to the kind of donations that other candidates' PACS are getting.

This is another example why we should tax these people at a higher rate. They don't have a clue what to do with their money.

ppacimr9ball

Feb 21, 2012 9:14 AM CST

wow this is great news, ron needed some good backers, maybe there are still people that care about this country after all, please dont listen to the government backed three stooges, vote for america to breath again, vote ron paul

MisterPlinkett

Feb 21, 2012 5:26 AM CST

Any smart business owner would back Ron Paul because he's the only one fighting for small-medium sized business. But look at who backs Obama and Romney...Goldman Sachs and other banks that stole trillions of dollars thanks to their cronies in Washington. And notice...these criminals won't spend a dime on Paul. and yet you psychos that support the establishment candidates still have the nerve to call Ron Paul the nut? lol.